Development Policies for Lagging Behind Areas: An Interpretative Note in the Name of Civil Entrepreneurial Development

Abstract

This paper is a part of the critical literature of the neoclassical approach to regional development policies and on the role of trust and social norms in defining growth processes. It also adds the role of entrepreneurial capacity in stimulating development processes, by creating a virtuous circle, according to a civil approach to economic dynamics. Starting from the limits of the standard economic paradigm in contributing to the reduction of regional development gaps, the article will deal with regional development issues, focusing on the role of trust and the developing entrepreneurship, with an approach that starts from the concept of civil economy, based on the institutional sustainability of innovative forms of development policy. Finally, a scheme for civil entrepreneurship development, based on trust, will be presented.
Classification-JEL:
Keywords: Regional development policies; Trust; Entrepreneurial capacity; Civil economy, Institutional sustainability